CBN: Naira Redesign in Overall Interest of Nigerians, Economy Insists due approval sought, obtained from Buhari Moghalu backs apex bank, says policy will address insecurity James Emejo, Sunday Aborisade in Abuja and Nume Ekeghe in Lagos The Central Bank of Nigeria (CBN) yesterday urged Nigerians to support the currency redesign
project which is in their overall interest and that of the economy at large. The central bank further insisted that it followed the law and due process to carry out the redesigning exercise, which is 12 years due.
This is coming as a former Deputy Governor of the CBN, Prof. Kingsley Moghalu has commended the apex bank on the proposed redesigning of the naira, saying the measure will address insecurity in the country.
The apex bank’s clarification came against the backdrop of claims by the Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, that her ministry was not carried along in the proposed redesigning of the Naira.
CBN Director in charge of Corporate Communication, Mr. Osita Nwanisobi, had in a statement, expressed surprise at the minister’s claim, stressing that the CBN remains a “very thorough institution that follows due process
in its policy actions”. He said the CBN management, in line with provisions of section 2(b), section 18(a), and section 19(a) (b) of the CBN Act 2007, had duly Continued on page 5
FG Plans to Auction Seven Deep Offshore Oil Blocks in November… Page 10 Sunday 30 October, 2022 Vol 27. No 10064
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2023: PDP, LP Knock Fitch’s Projection, Say Report Unrealistic Obi flags off campaign, promises to tackle unemployment, insecurity Chuks Okocha, Emameh Gabriel in Abuja and Igbawase Ukumba in Lafia The Atiku/Okowa Presidential Campaign Organisation of the
Peoples Democratic Party (PDP) and the Labour Party (LP), yesterday dismissed the Fitch Solutions Country Risk and Industry Research report released on Thursday, which predicted victory for the presidential
candidate of the All Progressives Congress (APC), Senator Bola Tinubu, in the 2023 presidential election, describing the report as unrealistic. The report also projected that
Tinubu’s victory would lead to protests and social instability in the country because of the MuslimMuslim ticket and the expectations of the followers of the Labour Party’s candidate, Mr. Peter Obi, that would
be dashed. But in their separate reactions, the LP argued that Fitch derived its results from outdated research methods, while the Atiku-Okowa Campaign Organisation said the
report was speculative. This is as Obi yesterday flagged off his presidential campaign at the Government Science School, Lafia, Continued on page 5
Terror Alerts: Police Move to Douse Tension, Say No Bombs Planted in Abuja Army sets up emergency call centre BA cancels London-Abuja flight, reschedules others till November 7 Julius Berger warns staff to avoid public places in FCT Kingsley Nwezeh in Abuja and Chinedu Eze in Lagos In a move to douse tension generated by the reports on social media that bombs were planted in many parts of Abuja, the Nigeria Police yesterday reassured the residents of the capital city that there was no truth in such claims. The United States, United Kingdom and other foreign missions had last week released security alert, warning their citizens to steer clear of Abuja because of planned terrorist attack. But in furtherance of proactive security measures put in place to address the tension, the Nigerian Army has set up an emergency call centre and appealed to the citizenry to utilise the numbers in case of any eventuality. However, despite the security measures being put in place by the army and the police, British Airways (BA) yesterday cancelled Continued on page 5
2023 ELECTIONS IN FOCUS… L-R: Former Governor of Imo State, Hon. Emeka Ihedioha; Presidential candidate of the Peoples Democratic Party and former Vice President, Atiku Abubakar; Assistant Secretary,US Department of State, Bureau of African Affairs, Molly Phee; and Director-General of the PDP Presidential Campaign Council and Governor of Sokoto State, Aminu Tambuwal, in Washington DC…Friday
Ayu Breaks Silence, Says He Can Stop Ortom, Others from Contesting 2023 Elections… Page 8